Tuesday
11th Aug 2026
Dhivehi Edition
Taxpayer service center of MIRA. Photo: MIRA
The Maldives Inland Revenue Authority (MIRA) collected MVR 3.4 billion in revenue in July 2026, according to statistics released by the tax authority.
The increase in revenue during the month was mainly attributed to higher collections from Bank Income Tax, fees from the sale and transfer of land, and GST collected from resort rents.
Bank Income Tax collections increased as taxpayers made advance payments before the deadline, while first interim payments for the year were higher than those recorded in the previous year. Revenue from fees related to the sale and transfer of land also increased compared with July 2025.
GST collections rose as taxpayers subject to quarterly GST payments settled their liabilities by the July deadline.
As part of its efforts to recover outstanding payments during July, MIRA collected a total of MVR 449 million. This included MVR 248 million collected through notices issued to taxpayers, MVR 92 million through dues clearance and MVR 78 million through installment payment agreements.
MIRA said 18.4 percent of the revenue collected in July 2026 came from payments made for previous periods, while 11 percent was collected through efforts to recover outstanding dues.
Income Tax was the largest source of revenue during the month, contributing MVR 1.66 billion, or 48.6 percent of total collections. GST was the second-largest source, contributing MVR 1.04 billion, or 30.4 percent.
Other major sources of revenue included Green Tax, which contributed MVR 142 million, or 4.2 percent; the Airport Development Fee, which generated MVR 136 million, or 4 percent; Departure Tax, which generated MVR 134 million, or 3.9 percent; and fees from the sale and transfer of land, which contributed MVR 81 million, or 2.4 percent.
Of the total revenue collected in July, USD 108.36 million was collected in US dollars. This was 1.3 percent higher than the amount collected in US dollars during the corresponding period last year.
MIRA has previously reported that higher collections from Income Tax, GST, Green Tax and airport-related taxes and fees have been among the key drivers of monthly revenue growth.